Investor Relations
News Detail
17th Mar 2000
Independent News & Media successful in bid for Belfast Telegraph
Independent News & Media PLC ("IN&M") today announced that its bid for The Belfast Telegraph titles ("BTNL") has been successful. The bid is now subject to the consent of the Secretary of State for Trade and Industry, Mr Stephen Byers, and notification to the Ministry for Enterprise, Trade and Employment of the Republic of Ireland.
IN&M will purchase BTNL and its owned properties for consideration of Stg£300m less indebtedness to be assumed at completion. Such indebtedness will include approximately Stg£4.6m attributable to finance leases.
